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Yahoo! (YHOO) Hires Big Time Ad Exec

June 18, 2012 8:38 AM EDT
Yahoo! Inc. (Nasdaq: YHOO) has hired high-profile ad executive Michael Barrett, according to AllThingsD.

Barrett has been working at Google (Nasdaq: GOOG) since it bought an ad tech company he ran a year ago, the report said.

AllThingsD said Barrett will be in charge of ad revenue and operations worldwide. AllThingsD said the move "is a significant one, giving the company a boost in its most critical area of business."

Shares of Yahoo are essentially flat going into the open.


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